LYNDHURST, N.J. -- North American Watch Corp. narrowed its first-quarter loss to $836,000 from $2.7 million a year ago.
Sales for the quarter ended April 30 gained 15.9 percent, to $23.9 million from $20.6 million.
Assuming the company's October initial public offering had been completed as of Feb. 1, 1993, the company would have reported a loss of $1.6 in the year-ago quarter.
Efraim Grinberg, president and chief operating officer, said the first-quarter results were in line with expectations. He noted that the rise in sales reflected a 36 percent increase in domestic sales due to growth of the Concord, Movado and Esquire brands. The increase was offset in part by a 15 percent decline in international sales, which are still weak in some markets, Grinberg added.
North American Watch manufactures and distributes branded watches, and distributes the Swiss-made Piaget and Quorum watches in the U.S., Canada, Central America and the Caribbean.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)